Victor Fraile / Reuters Many of the most powerful companies in the world are owned by Asian businessmen and women — and many of them live in the UK.

The Asian Rich List 2018, which will be presented on Friday night at the 21st annual Asian Business Awards (ABA) in London, recognises the 101 wealthiest Asians in the UK.

The list, compiled by Asian Media Group (AMG) in association with UBS, has become the definitive guide to ultra-high net worth individuals and Asian business success in the UK.

Scroll down to see the 21 most powerful and successful people from the Asian Rich List.

Note: Some calculations were based on the value of the entire family, which is indicated below.

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21. Naresh Goyal — £540 million.

Punit Paranjpe / Reuters

69-year-old Goyal is the founder and chairman of Indian international airline Jet Airways.

His valuation rose from £220 million in 2017 to £540 million this year.

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=19. Bhupendra and Ramesh Kansagra — £600 million.

Ramesh Kansagra.
Bryan Bedder / Getty

Newcomers to Rich List in 2017, brothers Bhupendra and Ramesh Kansagra are tied for 19th place.

The duo are directors of Solai Holdings Limited, an investment services company. Their valuation increased by £100 million over the past year.

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=19. Mayurbhai Madhvani (and family) — £600 million.

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73-year-old Mayurbhai Madhvani is a Ugandan businessman and entrepreneur, and the managing director of the Madhvani Group of Companies, one of the largest conglomerates in the African country.

His family have their roots in India, but were expelled from Uganda in the 1970s by the dictator Idi Amin as part of an ethnic cleansing campaign.

They moved to Britain, but kept their business links to Uganda. The Madhvani Group owns countless companies, in fields from running airports to hotels to steel.

His father was patriarch and Madhavani Group founder Muljibhai Madhvani.

Madhvani's valuation grew by £100 million in the past year.

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18. Ranjit and Baljinder Boparan — £740 million.

Ranjit Boparan.
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52-year-old Ranjit Boparan and his wife Baljinder made their fortune in food manufacturing.

Under the umbrella company Boparan Holdings Limited, the couple founded and own 2 Sisters Food Group, Northern Foods, and the chains restaurants Giraffe and Ed's Easy Diner.

While they've held their spot in 18th place since 2017, their valuation actually dropped by £160 million over the last year.

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17. Vijay and Bhikhu Patel — £785 million.

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The Patel brothers are the founders of pharmeceuticals company Waymade PLC.

Their wealth grew by £100 million in the last year.

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=15. Surinder Arora — £800 million.

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60-year-old Surinder Aror is founder and chairman of the Arora Group, and has made his fortune through hotels.

Having arrived in the UK as a teenager from India, Surinder founded the business in 1999, running a luxurious four-star hotel at Heathrow for airline staff.

He even purchased the Renaissance London Heathrow hotel in 2012, where he had worked as a waiter in the 1970s.

Today, the group owns a number of property, construction, and hotel companies, including the InterContinental London at The O2 and the World Business Centre at Heathrow.

Arora's valuation nearly doubled in the past year from £450 million.

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=15. Lord Paul (and family) — £800 million.

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48-year-old Swraj Paul is founder of the Caparo Group, one of the UK's largest steel businesses.

He became a member of the House of Lords in 1996, and is therefore known as Lord Paul.

Despite the fact that 16 of the group's companies went into administration in 2015, according to The Birmingham Post, the wealth of Lord Paul's family went up by £300 million in the year to 2017, thought it remained flat in the past year.

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14. Muhmud Kamani (and family) —£875 million.

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54-year-old joint CEO of fashion retailer Boohoo.com Muhmud Kamani saw the value of his family's empire grow by £75 million in the past year.

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13. Zameer Choudrey — £985 million.

Zameer Choudhrey with sons Haider (left) and Umair (right).
AMG

60-year-old Bestway Group conglomerate CEO Zameer Choudrey saw his wealth increase by £75 million over the past year.

In 2016, he was awarded a CBE (Commander of the British Empire) awared by the Queen.

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12. Manu Chandaria (and family) — £1 billion.

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89-year-old Kenyan businessman Manilal Premchand Chandaria is of Indian descent, but was born in Nairobi.

He is the CEO of the Comcraft Group of Companies, a billion dollar enterprise that has a presence in over 40 countries, is on the boards of several prominent East African companies, and was awarded theOBE (Order of the British Empire) by the Queen in 2003.

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11. Harpal, Raj, and Tony Matharu (and family) — £1.2 billion.

Tony Matharu of Global Grange Limited.
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One of London's largest privately-held luxury hotel empires, Global Grange Limited, is headed up by the Matharu brothers, Harpal, Raj, and Tony.

The brothers saw their fortune grow from £845 million to £1.2 billion in the past year.

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=9. Zuber & Mohsin Issa — £1.3 billion.

Zuber (left) and Mohsin Issa.
AMG

Ranked in 34th place last year, the valuation of brothers Zuber & Mohsin Issa has risen by a whopping £1 billion in just one year.

They are the owners of Lancashire-based petrol company Euro Garages Limited, which has gone from a "slightly worn petrol station" in 2001 to one of Europe's leading companies in the sector as part of the EG Group.

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=9. Rajesh Satiija Ram — £1.3 billion.

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Indian-born Rajesh Ram Satiija made his fortune in Africa, and is one of the continent's most enterprising business figures.

With a reputation as "Mr Lucky," he pushed up his net worth with investments in the mining and agriculture industries. His Sun and Sand Group spans three continents and his valuation rose from £910 million in 2017 to £1.3 billion this year, one of the biggest jumps on the list.

He has a home in Mayfair and is now looking at a public flotation for his fast expanding group, where revenues have tripled over the last few years.

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8. Jasminder Singh — £1.5 billion.

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67-year-old Jasminder Singh OBE, a British Sikh, is the chairman and CEO of Edwardian Hotels.

He owns 14 luxury hotels in central London under the Radisson Blu Edwardian brand, as well as The May Fair Hotel.

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7. Cyrus and Priya Vandrevala — £2.1 billion.

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45-year-old Indian private equity investor and philanthropist Cyrus Vandrevala co-founded Intrepid Capital Partners with Pete Musser in 2001, of which he is now vice chairman.

He and his wife, Priya, created the Vandrevala Foundation, which supports mental illness.

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=5. Anil Agarwal — £2.3 billion.

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66-year old Anil Agarwal is the executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world.

Agarwal lives in London, but his philanthropic activities are targeted at eradicating poverty in India by creating jobs and contributing to GDP growth through his business operations.

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=5. Simon, Bobby, and Robin Arora — £2.3 billion.

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The Indian Arora brothers have discount retailer B&M to thank for their fortune. They acquired the chain in 2004 from Phildrew Investments, when it had 21 stores. In 2016, it opened its 500th store.